Last week was a BIG one for crypto earnings. - Coinbase missed. - MicroStrategy dominated. - Robinhood surprised. Here’s your quick breakdown: (a thread 🧵)
2/ MicroStrategy crushed it. Forget the $10B in profit, they obliterated the EPS estimates. Expected: -$0.07 Actual: $32.60 That’s a 46,671% beat. $MSTR is playing a different game.
$MSTR reports $10B in Q2 profit. TEN. BILLION. That's more than any other S&P 500 company. Insane. Expect more and more companies to employ the $BTC treasury strategy.
3/ Robinhood ($HOOD) quietly beat estimates too. Revenue: $989M vs. $920M expected.
Robinhood $HOOD earnings are in. Revenue’s dipped two quarters in a row… But zoom out and the bigger picture looks a lot better: - 65% growth in total revenue - 98% growth in crypto revenue Not bad for a “down” period.
We called to buy $COIN under $50. It's now trading at ~$320. We called to buy $HOOD at $35. Today, it's sitting around $104. Want more calls like these? Subscribe here:
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